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i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that face our nation today, particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly meets that. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty, who is currently president and ceo of the financial services roundtable. moderating our discussion today is al hunt. we always love having al over here. he really put bloomberg on the map here in d.c. yesterday it was his birthday -- happy birthday, al.
i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that...
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Dec 11, 2012
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the federal government probably has a very minimum -- and i've worked for government and i've worked in the utility industry, which is almost the same as the government, at least 40% overpaid. too many people working. at least 40% more people than they need to do the job. when these people say they're cutting the budget, they're not cutting a pink. they are cutting the growth in government. if congress does not vote themselves raising any more. they get automatic raises. unless somebody has the go nads to say we need a raise this year. they have not done that since they put that into effect. they don't vote on raises and more. host: your response? guest: i don't agree with all of youro fax ofncts. one can find instances of fraud and waste in the government as one can in any type of organization. we need to do a better job. there's a lot of money being allocated now do program integrity, meaning let's make sure that the money is spent for what it was intended for and not misused in any way. let's crack down on fraud where it exists, because there will be citizens that tried to game th
the federal government probably has a very minimum -- and i've worked for government and i've worked in the utility industry, which is almost the same as the government, at least 40% overpaid. too many people working. at least 40% more people than they need to do the job. when these people say they're cutting the budget, they're not cutting a pink. they are cutting the growth in government. if congress does not vote themselves raising any more. they get automatic raises. unless somebody has the...
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Dec 9, 2012
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we need the federal government's help. the federal port authority received no taxpayer money from either new york or new jersey. we rely on user fees, rents, tolls and fares and those revenue streams have their limitations. we're still assessing the exact cause of repair and recovery but our needs are enormous. we face billions of dollars to install mitigation processes such as protecting it elevating electrical substations at pass and the airports as well as additional pumping capacity at the party and jfk airports. in conclusion, the obama and -- above the administration is congress have been great partners that we are grateful. but costs will be high. they would be unfathomable and the terms of lost productivity, disabled economy and a fracture transportation network should we fail to make those repairs and investments. the road ahead will be a challenge but with the help of the federal government and our partners, we know recovery is possible. thank you for all to this hearing, senator. >> we know each other so well. w
we need the federal government's help. the federal port authority received no taxpayer money from either new york or new jersey. we rely on user fees, rents, tolls and fares and those revenue streams have their limitations. we're still assessing the exact cause of repair and recovery but our needs are enormous. we face billions of dollars to install mitigation processes such as protecting it elevating electrical substations at pass and the airports as well as additional pumping capacity at the...
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Dec 5, 2012
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who will continue to fight about bigger government and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place to actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the produc
who will continue to fight about bigger government and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through...
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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...
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state and local governments. overtime, as the stimulus funding ran out, state and local governments have been cutting jobs. this is what a lot of people are hearing about in their neighborhoods and in their towns. you know, there are teacher layoffs, police and fire layoffs, trying to figure out how to square the town budget without raising taxes. people have different views about that. some people feel state and local government was blurry to start with, so this is actually a house cleaning that needed to happen. i think when this start to cut into local services people start to feel differently. and of course, pensions are a big factor because states and cities are obligated to pay all those benefits, or make another deal with their employees, which can often be quite bruising. at the federal level, a large stability thinking this too will change as we get into some of the government spending we've been talking about. but so far, the federal government has stayed pretty steady. host: one person saying i was hir
state and local governments. overtime, as the stimulus funding ran out, state and local governments have been cutting jobs. this is what a lot of people are hearing about in their neighborhoods and in their towns. you know, there are teacher layoffs, police and fire layoffs, trying to figure out how to square the town budget without raising taxes. people have different views about that. some people feel state and local government was blurry to start with, so this is actually a house cleaning...
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that is the thing about government programs. if you plan reductions, it seems to be more cost-effective. there is more certainty in the projection of when the budget will shrink, but when it is started, there can be arbitrary cuts in some of that can be wasteful. host: ruby. north carolina. democratic caller. caller: yes, i have a question. unemployment, the extension is set to expire on december 29. what is the likelihood of that been extended? guest: that is a good question. we have headed for two years. republicans tend to be skeptical because there is a feeling that it discourages people from accepting jobs that are less desirable than the ones they hope for. the democrats would argue that it puts spending money in people's pockets, which helps the economy and the unemployment weekly payment is not enough to make anyone comfortable and lazy, but it does cost money. so, that is one of the many things in the fiscal cliff discussions that we also have to deal with. the social security payroll tax holiday that we have had for tw
that is the thing about government programs. if you plan reductions, it seems to be more cost-effective. there is more certainty in the projection of when the budget will shrink, but when it is started, there can be arbitrary cuts in some of that can be wasteful. host: ruby. north carolina. democratic caller. caller: yes, i have a question. unemployment, the extension is set to expire on december 29. what is the likelihood of that been extended? guest: that is a good question. we have headed...
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caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person doesn't know that. host: how do you do that in two weeks? caller: you can do it. most people's major asset is their home. for people that have more money, it gets harder. give now. if you intended to give money to your kids, do with this year. get it out. if you wait, it is going to be harder. this gets complicated. you have an exemption. there is a current level of how much you can give to any one person. that right now is $5 million tax free this year. next year that drops to $1 million. if you wanted to give money to your kids or give your kids and house, this is the year to do it.
caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person...
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societal breakdown can't be solved by government, but it also can't be ignored by government. helping people make it into the middle class is a personal issue for me. my parents worked in the service industry. in almost any other nation on earth, their jobs would barely provide for daily living much less a better future. but in america, my parents made it to the middle class. today, the journey my parents made from poor immigrants to middle class, it's harder than it was in their time because the world has changed. the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean our offices. there. there you will find the dreams america was built on. th
societal breakdown can't be solved by government, but it also can't be ignored by government. helping people make it into the middle class is a personal issue for me. my parents worked in the service industry. in almost any other nation on earth, their jobs would barely provide for daily living much less a better future. but in america, my parents made it to the middle class. today, the journey my parents made from poor immigrants to middle class, it's harder than it was in their time because...
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government to do a few things. push mali to ensure the grievances of all northern residents are heard, not just those who have taken up arms. the second would be it for them to adopt a communications strategy and respond to it. support malian civil society. this is something that should be done now. the fourth would to be ensured the situation is discussed by the atrocity prevention board. what to get to the policies that address the underlying crisis. it is rooted in years of deterioration. the police, at the army, at the parliament. it should have represented them adequately. they turned a black eye. some predatory behavior and lagging indicators countrywide, but especially in the north. this could have mitigated some of those problems. it allowed a dangerous culture. those with ethnic agendas have taken advantage. the united states must support programs. i urge the u.s. to press for a strong humanize component to avoid some of these problems that we have seen in somalia, which failed to adequately monitor human
government to do a few things. push mali to ensure the grievances of all northern residents are heard, not just those who have taken up arms. the second would be it for them to adopt a communications strategy and respond to it. support malian civil society. this is something that should be done now. the fourth would to be ensured the situation is discussed by the atrocity prevention board. what to get to the policies that address the underlying crisis. it is rooted in years of deterioration....
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that has to come from governments and government structures. i think the first one, the leadership of academia. what i am focusing on as, we are at this moment, a what is this thing? how do we identify it? how do we quantify it? and those answers, first and foremost out of research. academic researchers have to work because they are the ones on the ground with the local relations and the understanding to allow it to be done ethically. i think leadership has to get us over the hurdle of how do we define it and quantify it and to respect. everywhere i go, they know so much more about what is happening and then to of this part of the world. >> this gentleman right here. we are going to take -- >> i look up the reports of human traffic in. it is going to every country and then toured the world. they talked abut the transportation of men and women. specifically, the talk about is sex tourism. did you have a break down of the percentage of a four-man -- sex slavery versus labor or production or whatever? is sex slavery --? two different questions. i
that has to come from governments and government structures. i think the first one, the leadership of academia. what i am focusing on as, we are at this moment, a what is this thing? how do we identify it? how do we quantify it? and those answers, first and foremost out of research. academic researchers have to work because they are the ones on the ground with the local relations and the understanding to allow it to be done ethically. i think leadership has to get us over the hurdle of how do...
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guest: the government looks at every job and activity. it is really hard to make the case that they overcharge. it is much more expensive because the way the government does it. there is performance of based logistics. you can save billions. it is the way avis would do it for cars. even save huge amounts of money. that means getting the back office out of the way. it means fewer back office jobs. they do not want to give up the power. host: the contacting system is really complicated. some of that is what the caller is saying. we have a lot of money through a system, a fair amount can disappear in ways we do not count. a history of 60 or 70 years of litigation against contractors to overcharge, contractors do overcharge. is not to say every contractor every time. we have a lot of money going through the system, some of that would stick to the wall it does not belong on. some of it will be over pricing. it is not a sole cause a problem. it is one of the problems. i am highly expectant. this has happened after every war. at some point there
guest: the government looks at every job and activity. it is really hard to make the case that they overcharge. it is much more expensive because the way the government does it. there is performance of based logistics. you can save billions. it is the way avis would do it for cars. even save huge amounts of money. that means getting the back office out of the way. it means fewer back office jobs. they do not want to give up the power. host: the contacting system is really complicated. some of...
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from a person's standpoint outside the government, they see that as one government agency borrowing money from another. host: stephen ohlemacher, reporter for the associated press. the was the lead writer this summer on a series focused on social security. he is also worked for the hartford courant. two tweets -- means testing is just the first step to the wealthy further exempting themselves from participating in social security at all. another asked is it possible to make social security voluntary? guest: first, on the means testing, this gets to that issue. when you start to say that a certain group of people are not going to get benefits, then there's the issue of fairness. should they have to pay into the system if they're not going to get benefits? making social security voluntary, that would be difficult to do. a lot of people think i paid my social security taxes every year and that will cause it to be in the trust fund and when i retire they will pay that back to me. that's not how it works. you and me working today, the payroll taxes that we pay are paying for the retirement of
from a person's standpoint outside the government, they see that as one government agency borrowing money from another. host: stephen ohlemacher, reporter for the associated press. the was the lead writer this summer on a series focused on social security. he is also worked for the hartford courant. two tweets -- means testing is just the first step to the wealthy further exempting themselves from participating in social security at all. another asked is it possible to make social security...
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our partners are the state government. we had a change in personnel, a change in the plan, a change in the money. we are positioned today. we know what the plan is. people are in positions up to implement the plan. we will move forward. >> what does it change? >> going from schwarzenegger to brown, going from new members on the railroad authority, changing from 99 billion to 69 billion. a lot of things have changed. all of those changes have taken time. >> i will look more to sing a plan to see what those changes are. members get made up all the time. there does not seem to be a whole lot of changes. yet two administrations that made this a top priority. i would expect governor brown once this as bad as governor schwarzenegger. we have had anything but that so far. we have nothing they could sell to congress or a private company that would what to do this. i am seeing a plan to add action makes sense that i can bring back home. we continue to your members talking about the train to nowhere. bakersfield is not know where. -
our partners are the state government. we had a change in personnel, a change in the plan, a change in the money. we are positioned today. we know what the plan is. people are in positions up to implement the plan. we will move forward. >> what does it change? >> going from schwarzenegger to brown, going from new members on the railroad authority, changing from 99 billion to 69 billion. a lot of things have changed. all of those changes have taken time. >> i will look more to...
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that is something that government can do. they can really produce benefits in terms of the additional uneconomic. >> once you get to the fiscal cliff there is a clear innovation agenda. and the conditions we will have as a result of the fiscal cliffs did get out that. the first one will be immigration. we agreed and a lot of people say how are we going to compete with china and we can have the entire world at our disposal. under which the best people in the world can come to the u.s. and start businesses. >> then we have to focus on a special in the corporate tax reform to get the system which is simpler and promotes efficiency and these are for american businesses. then we have to and that will -- efficiency will be enormous. the next is an infrastructure investment to be made. in the context of the budget deal we are getting where we will spend less going forward. we have to think about what our values are and the most important things we can spend money are on infrastructure to make investments in the future rather than ha
that is something that government can do. they can really produce benefits in terms of the additional uneconomic. >> once you get to the fiscal cliff there is a clear innovation agenda. and the conditions we will have as a result of the fiscal cliffs did get out that. the first one will be immigration. we agreed and a lot of people say how are we going to compete with china and we can have the entire world at our disposal. under which the best people in the world can come to the u.s. and...
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we need our government to help us do this and move us forward. if we want to be innovative and entrepreneurship, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy. are we innovative in advanced manufacturing? these are things we could to. there are tax deductions we could get rid of. they are old. we do not need them. it would be important to the investor community and business community. there are companies that are sitting on millions of dollars and billions of dollars, waiting for the right moment. if we want them to start spending, we need to make decisions. it will not be good enough if we do not deal with the much larger question and give them certainty. some of the failed talks happened before. republicans would dig their heels in and say, it is our ideology or nothing. that will hurt the economy. they will say, see, i told you it did not work. that is the wrong way to work. we have to reach an agreement. we have to do it for the long term and short term. >> you are doing
we need our government to help us do this and move us forward. if we want to be innovative and entrepreneurship, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy. are we innovative in advanced manufacturing? these are things we could to. there are tax deductions we could get rid of. they are old. we do not need them. it would be important to the investor community and business community. there are companies that are sitting on...
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government's call many years ago to be a partner in meeting our commitments. similar, prior requests for deadline release have been firmly denied by all of the relevant agencies. now here's the problem. i was contacted by a florida company some months ago. part of the early rationale for this bill was there was no alternative, but the florida manufactured that played by the rules called me up. they said, we hear about this hearing on capitol hill. do you know that we're manufacturing an alternative to primatene mist that will be over the counter and it will be affordable? nefron pharmaceuticals had a hand-held battery operated device to allow asthma patients to inhale something similar to epinephrine and primatene mist. it is readily available for walgreens.com, cvs.com, and a national whole seller, smith drug, a wholesaler. they are doing a national tv campaign now. they have starter kits. this is available so that rationale, that early rationale there is no alternative du not exist any more. -- does not exist any more. but here's the important part. we can't
government's call many years ago to be a partner in meeting our commitments. similar, prior requests for deadline release have been firmly denied by all of the relevant agencies. now here's the problem. i was contacted by a florida company some months ago. part of the early rationale for this bill was there was no alternative, but the florida manufactured that played by the rules called me up. they said, we hear about this hearing on capitol hill. do you know that we're manufacturing an...
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the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a long-time friend who recently left his online post as deputy managing editor and executive edit of "the wall street journal" to become president of the research center next month. in his 30-year career at "the wall street journal" he served as numerous roles. during his years as chief he won three pulitzer prices as well as many awards. he is also the author of many abooks. "the welt of choices" how the new economy puts power in your hands and money in your pockets." lawmakers and lobbyists which he co-authored with jeffrey. he received an award. he has also received two overseas press club awards for his writings on asia. in addition to serving on the council, he is a member of the gridiron club, the council on foreign relations. he also happened to serve a long time ago at the board of visitors not too far away from virginia, the university of north carolina. please join me now in welcoming our modera
the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a long-time friend who recently left his online post as deputy managing editor and executive edit of "the wall street journal" to become president of the research center next month. in his 30-year career at "the wall street journal" he served as numerous roles. during his years as chief he won three pulitzer prices as well as many awards. he...
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it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not get back into the workforce. we see the trust fund set to hit insolvency in 2016. host: we will go first to tim from carolina on the republican line. caller: good morning. how are you? i would like to ask a question. how can the government extend unemployment benefits to the tune of -- it seems like unlimited when the recession came in in 2009 and i guess bush was leaving and obama was coming in. how could they extend them that long when i am 47 years old and i have never done it in my life until 2009. yet these people were able to go way
it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not...
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there has been efficient government. -- been terrible inneficient government. there has also been efficient government. you were in congress 20 years ago. the budget was doubled. that was a great investment. that is not part of the dialogue this year's. >> it is 19% of what was 10 years ago. tahat is the value of the nih dollar. had it not been for the doubling -- wwe tried to do science agencies, a doubling in 10 years or so, which i hope can be done. we are drifting below 2.7% as a share of gdp in science investment. the best thing is to get around 3% ideally. we are not moving in the right direction. i am a first generation american. my father got here in 1926 partly because he owned a patent. in austria. it was bought by a company that would become rca. he didn't have a penny in his name. this will company in ohio paid his boat ticket so he can get here. he did happen to go into that business. he became a psychiatrist. [laughter] he was part of the growth of the great american middle class. this isn't just about rich people and greeting the situations of we
there has been efficient government. -- been terrible inneficient government. there has also been efficient government. you were in congress 20 years ago. the budget was doubled. that was a great investment. that is not part of the dialogue this year's. >> it is 19% of what was 10 years ago. tahat is the value of the nih dollar. had it not been for the doubling -- wwe tried to do science agencies, a doubling in 10 years or so, which i hope can be done. we are drifting below 2.7% as a...
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the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very much rned so muc that i have never learned in undergraduate hours, law school, or high school. i have learned more about history, government, the true history of this country. not what we have been spoonfed in high school. or in critical about the pleasant stories where we were happy with smiles on their face. where we have come from and how far we have come and how far we can go in terms of really being that bright and shining lfght for other countries to follow by example. host: is that it? caller: please, please, is there some way
the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very...
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own government. caller: my concern is over the cost of using contractors. they have so many different business models that the government cannot control. we need to have a more flexible way to control what we do and what we do not do. it is almost impossible to stop serving today without this tremendous cost. -- something today without this tremendous cost. contracting is going to hire more than any other category of employment. however going to maintain a contract force that is going to continually rising cost -- rise in cost? guest: one of the reason we have so many contractors is we have taken those forces out of the military. rather than having a lot of people in uniform, which we might pay for for 30 years on the possibility that we go to war in iraq or afghanistan, we rely on contractors. contractors can be expensive, if you need to use them. if you have them on standby with a number of major companies who do this kind of thing, you are paying a minimal amount. we pay them some amount of money,
own government. caller: my concern is over the cost of using contractors. they have so many different business models that the government cannot control. we need to have a more flexible way to control what we do and what we do not do. it is almost impossible to stop serving today without this tremendous cost. -- something today without this tremendous cost. contracting is going to hire more than any other category of employment. however going to maintain a contract force that is going to...
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Dec 10, 2012
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the more you think about government, led government can and should focus on our things in their control and that can get done. a lot of what creates innovation is outside of government control even though it is important to get done. the most important thing right now is that government has 100% of
the more you think about government, led government can and should focus on our things in their control and that can get done. a lot of what creates innovation is outside of government control even though it is important to get done. the most important thing right now is that government has 100% of
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Dec 5, 2012
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caller: we get a line of government workers or people working in the government sector. people who work hard. have a house -- they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person doesn't know that. host: how do you do that in two weeks? caller: you can do it. most people's major asset is their home. for people that have more money, it gets harder. give now. if you intended to give money to your kids, do with this year. get it out. if you wait, it is going to be harder. this gets complicated. you have an exemption. there is a current level of how much you can give to any one person. that right now is $5 million tax free this year. next year that drops to $1 million. if you wanted to give money to your kids or give your kids and house, this is th
caller: we get a line of government workers or people working in the government sector. people who work hard. have a house -- they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the...
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Dec 9, 2012
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i have credibility in rating government debt. i worry about them but the most important thing is if we got a substantial down grade, u.s. treasurys would no longer satisfy international banking requirements. this spills over to the way we will run our lives. this is something we should do anyway. guest: when we got downgraded last time, we were told that pension funds would have to dump the securities and they did not. host: guest: john boehner put out a package which was balanced in the sense the president has called for and included a tax increase the president wanted on high-income americans and had substantial spending cuts. why cannot the president do the same thing? guest: those cuts were specified in general terms only. guest: i would love for the president to come in as the general. host: democrats line, good morning. caller: our you doing today? i will be real quick -- this is a joke. every time i see this mr. aikens on tv, i laughed. this guy was with the regime that put us in this mess today. here is talking about soci
i have credibility in rating government debt. i worry about them but the most important thing is if we got a substantial down grade, u.s. treasurys would no longer satisfy international banking requirements. this spills over to the way we will run our lives. this is something we should do anyway. guest: when we got downgraded last time, we were told that pension funds would have to dump the securities and they did not. host: guest: john boehner put out a package which was balanced in the sense...
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Dec 11, 2012
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guest: we see more and more government oversight. one of the other problems with the department of defense is it never really understands or calculates the cost of oversight, the cost of regulation. the cost of requiring that these be done in peculier and special ways, all of which add to the burden. if you reduce the cost of regulation -- and we see regulation or attemps to do auditing. we have done a study that says you can save anywhere from $50 billion to a billion dollars by a combination of reduced regulation, multi-year contracting in a group, no changes allowed. you go to the next one and buy it as an improved version. you could be saving yourself enough to make up for what ever the cost of sequestration is. we're just not doing it. host: matt in baltimore, maryland. what is your background? caller: director of science and technology for the navy. you may remember me. it is a matter of management, selection of program managers. sequestration is probably a terrific opportunity. anyway, that is all i have to say. guest: the att
guest: we see more and more government oversight. one of the other problems with the department of defense is it never really understands or calculates the cost of oversight, the cost of regulation. the cost of requiring that these be done in peculier and special ways, all of which add to the burden. if you reduce the cost of regulation -- and we see regulation or attemps to do auditing. we have done a study that says you can save anywhere from $50 billion to a billion dollars by a combination...
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Dec 6, 2012
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government. this is an opportunity for russia to show that that vote was juft, this is an opportunity to show the international community at large you can be a constructive force at a time of great need and you have the capability to do some good. i find it ironic and red lines are talked about, but the red line here is literally red. the line we're crossing is 40,000 people have died. what bothers me is the most we are all fixated on the method of killing, not the killing itself. for over a year, we have been talking about getting involved and need to stop this before it gets out of hand. we want to shape what happens after assad leaves. it will be hard to go to the syrian people when they achieve their freedom and say we would like to help you and they will say, you did little at a time in our debatest need. we have a chance to correct that impression. from an american national security point of view, if we don't secure these chemical weapons, we are going to reget it. the weapons will fall int
government. this is an opportunity for russia to show that that vote was juft, this is an opportunity to show the international community at large you can be a constructive force at a time of great need and you have the capability to do some good. i find it ironic and red lines are talked about, but the red line here is literally red. the line we're crossing is 40,000 people have died. what bothers me is the most we are all fixated on the method of killing, not the killing itself. for over a...
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Dec 7, 2012
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tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. guest: it is administered by states. i think a lot of the state programs are too restrictive in their eligibility and have to look capps. there are some important steps forward in the american recovery act -- too low caps. there are some important steps forward and the american recovery act. i do not see a lot of prospects for much greater federal involvement any time soon. host: mableton, illinois on the line for independents. caller: i want to direct this to mr. tanner. i have never been in debt. i have a retirement, have a very nice pension from the state of california bar when i was a state police officer. -- for when i was a state police officer. we're not putting enough emphasis on what has happ
tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. guest: it is administered by states. i think a lot of the state programs are too restrictive in their eligibility...
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Dec 8, 2012
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tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. you want this handled on the local level and not a one-size- fits-all across the country. guest: it is administered by states. i think a lot of the state programs are too restrictive in their eligibility and have too low caps. there are some important steps. there are some important steps forward and the american recovery act. i do not see a lot of prospects for much greater federal involvement any time soon. host: mableton, illinois on the line for independents. caller: i want to direct this to mr. tanner. i have never been in debt. i have a retirement, have a very nice pension from the state of california when i was a state police offiercer. we're not putting enough emphasis on what has happened in
tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. you want this handled on the local level and not a one-size- fits-all across the country. guest: it is administered...
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Dec 13, 2012
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-- a spend-and-cut government. new taxes means new spending. i thought that was a great comment. especially with the president's proposal that he brought forth the other day, that he wanted more stimulus spending. so the cuts he was proposing, just like curtis said, were just going to be immediately funneled over to new wasteful stimulus spending. they would have nothing to do with reducing the debt or deficit. i thought curtis was right on. we had laurence from pleasant hill and he said, good morning, representative hartzler. i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable.
-- a spend-and-cut government. new taxes means new spending. i thought that was a great comment. especially with the president's proposal that he brought forth the other day, that he wanted more stimulus spending. so the cuts he was proposing, just like curtis said, were just going to be immediately funneled over to new wasteful stimulus spending. they would have nothing to do with reducing the debt or deficit. i thought curtis was right on. we had laurence from pleasant hill and he said, good...
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Dec 12, 2012
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we see other opportunities for government spectrum. so this is a very high priority of the commission. we all agree on it. whatever happens with incentive auctions, we continue to move forward with all the other opportunities and policies. on the incentive auction piece, i expect it will work. congress will continue to be interested. i think what congress has done in the law is to say this is a band where we expect to see a significant amount of spectrum freed up for mobile broadband. >> right. >> this is how we would like to see it work. i expect that the broadcast industry will expect to get that message. >> ok. >> you can continue to watch the hearing live at c-span.org and also later on in our video library. u.s. house is gaveling in next for legislative work. they'll debate five bills today, including a measure to continue to allow the sale of certain asthma inhalers that are about to be banned. also, letting financial institutions continue to skip privacy notices if they haven't made changes to the policy. and a motion to go into
we see other opportunities for government spectrum. so this is a very high priority of the commission. we all agree on it. whatever happens with incentive auctions, we continue to move forward with all the other opportunities and policies. on the incentive auction piece, i expect it will work. congress will continue to be interested. i think what congress has done in the law is to say this is a band where we expect to see a significant amount of spectrum freed up for mobile broadband. >>...